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#9281 Polly

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Posted 25 April 2019 - 02:02 PM

So if a person buys shares for R23 how can he claim losses from R57????

 

PS!!


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#9282 Polly

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Posted 25 April 2019 - 02:01 PM

Interesting stats for thought:

In 2014 or there about Actis bought 42.5% of Tekkie Town for R720 mil which valued the full 100% of Tekkie Town R1,694 mil.

https://sasportstrad...t-of-steinhoff/

Two year later Tekkie Town - Van Huyssteen’s team, along with private equity firm Actis (which owned most of Tekkie Town
then) agreed to sell the business to Steinhoff for R3.25bn.

So that's a massive 100% profit not to mention the additional bonus for the fat cats!

Its amazing then no one complained that the then SNH shareholders were being shafted but now when things did not go well want
money back.

I hope the judges can see through the greed!!

 

 

Question you should ask yourself is did those guys know at that time this was a PS???

 

The answer is No!!


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#9283 Polly

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Posted 25 April 2019 - 02:00 PM

Importantly this entire transaction may have been facilitated by mh with a backhand or under the table arrangement. Everything is up for scrutiny......

Sent from my SM-G950F using Sharenet Sharechat mobile app

:ph34r:  :blink:  :wacko:  :D


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Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#9284 Polly

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Posted 25 April 2019 - 02:00 PM

For TOM: Its interesting no one complained when the trough was full.

"Along with the sale agreement, Steinhoff and the Tekkie Town top brass entered into an "earn-out" deal"

https://www.business...-missing-r273m/

Highlight:

"But while Actis would get cash for its interest in Tekkie Town, Jooste persuaded Van Huyssteen and his colleagues to swap
their shares in Tekkie Town for Steinhoff stock, based on a price of R75.75 a Steinhoff share. In all, they got 43-million
Steinhoff shares. Along with the sale agreement, Steinhoff and the Tekkie Town top brass entered into an "earn-out" deal —
a multiyear contract which gave them the opportunity to earn a bonus should Tekkie Town and a cluster of businesses aligned
with it do well. These businesses would eventually become the speciality division, Steinhoff Africa Retail (Star), which
listed separately on the JSE in September 2017."

 

Question you should ask yourself is did those guys know at that time this was a PS???

 

The answer is No!!


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Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#9285 Investment novice

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Posted 25 April 2019 - 01:43 PM

Interesting stats for thought:

In 2014 or there about Actis bought 42.5% of Tekkie Town for R720 mil which valued the full 100% of Tekkie Town R1,694 mil.

https://sasportstrad...t-of-steinhoff/

Two year later Tekkie Town - Van Huyssteen’s team, along with private equity firm Actis (which owned most of Tekkie Town
then) agreed to sell the business to Steinhoff for R3.25bn.

So that's a massive 100% profit not to mention the additional bonus for the fat cats!

Its amazing then no one complained that the then SNH shareholders were being shafted but now when things did not go well want
money back.

I hope the judges can see through the greed!!


Importantly this entire transaction may have been facilitated by mh with a backhand or under the table arrangement. Everything is up for scrutiny......

Sent from my SM-G950F using Sharenet Sharechat mobile app
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#9286 DayTraderDad

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Posted 25 April 2019 - 12:48 PM

Interesting stats for thought:

In 2014 or there about Actis bought 42.5% of Tekkie Town for R720 mil which valued the full 100% of Tekkie Town R1,694 mil.

https://sasportstrad...t-of-steinhoff/

Two year later Tekkie Town - Van Huyssteen’s team, along with private equity firm Actis (which owned most of Tekkie Town
then) agreed to sell the business to Steinhoff for R3.25bn.

So that's a massive 100% profit not to mention the additional bonus for the fat cats!

Its amazing then no one complained that the then SNH shareholders were being shafted but now when things did not go well want
money back.

I hope the judges can see through the greed!!
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#9287 DayTraderDad

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Posted 25 April 2019 - 12:18 PM

Die aansoek om ’n dringende interdik te kry teen Steinhoff om hom te belet om Pepkor-aandele te verkoop, word Donderdag in die hooggeregshof in Kaapstad aangehoor.
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#9288 DayTraderDad

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Posted 25 April 2019 - 12:16 PM

For TOM: Its interesting no one complained when the trough was full.

"Along with the sale agreement, Steinhoff and the Tekkie Town top brass entered into an "earn-out" deal"

https://www.business...-missing-r273m/

Highlight:

"But while Actis would get cash for its interest in Tekkie Town, Jooste persuaded Van Huyssteen and his colleagues to swap
their shares in Tekkie Town for Steinhoff stock, based on a price of R75.75 a Steinhoff share. In all, they got 43-million
Steinhoff shares. Along with the sale agreement, Steinhoff and the Tekkie Town top brass entered into an "earn-out" deal —
a multiyear contract which gave them the opportunity to earn a bonus should Tekkie Town and a cluster of businesses aligned
with it do well. These businesses would eventually become the speciality division, Steinhoff Africa Retail (Star), which
listed separately on the JSE in September 2017."
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#9289 DayTraderDad

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Posted 24 April 2019 - 03:05 PM

Good article:

https://www.4investo...stock&ID=132564

Highlights:
Here is a look at the two scenarios from yesterday's analysis of the Steinhoff share:

Bullish scenario: As outlined yesterday, the outbreak of 0.112 / 0.114 euros has led directly to a test of further technical hurdles at 0.118 / 0.121 euros, at which the Steinhoff share initially rebounded downwards. If there are any further buy signals at this mark, further potential hurdles would be found around 0.125 / 0.127 euros and 0.133 / 0.135 euros, before the important resistance mark comes to the bull's eye at 0.140 / 0.143 euros. Here, the stock price of Steinhoff International rebounded at the end of February after a recovery from 0.085 euros to 0.1428 euros down.

If Steinhoff's stock bounces downwards at € 0,112 / € 0,114, support could be expected at € 0.108 / € 0.109 - just like in the last few days. A slip below this would bring lower-lying support between 0.102 euros and 0.104 / 0.105 euros in the sights of traders. Further sell-offs on these brands could then push Steinhoff's share price further towards 0.085 / 0.088 euros. On the way there, however, support marks between 0.095 Euro and 0.097 / 0.099 Euro would have to be
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#9290 DayTraderDad

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Posted 24 April 2019 - 02:34 PM

https://www.biznews....other-six-weeks
 
"The Company is today providing an update that it estimates that it will publish the 2017 and 2018 audited financial statements for Steinhoff Investment Holdings Limited by the end of May 2019"[/size]
 
How to you get 7 trading days for AFS?[/size]


Look in calander trading days: 25,26,29,30 May: 02,03,06 So on the 7th results are out.
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#9291 Captainfrom82

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Posted 24 April 2019 - 02:13 PM

AFS 2017 expected 7 May 2019

 

Yes...at Group level (Steinhoff International Holdings NV).

 

The Group estimates that it will publish its audited financial statements on the following dates:
• Group 2017 financial results – 7 May 2019,
• Group 2018 financial results – 18 June 2019,
• Steinhoff Investment Holdings Ltd 2017 – 28 June 2019, and
• Steinhoff Investment Holdings 2018 – 28 June 2019.

 

Best Regards

Captainfrom82


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#9292 Captainfrom82

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Posted 24 April 2019 - 02:08 PM

https://www.biznews....other-six-weeks

 

"The Company is today providing an update that it estimates that it will publish the 2017 and 2018 audited financial statements for Steinhoff Investment Holdings Limited by the end of May 2019"

 

How to you get 7 trading days for AFS?

 

This is not the Steinhoff International AFS.  This is the AFS for Steinhoff Investment Holdings Limited.

 

In effect, this is the issuing company of the preference shares.

 

Best Regards

Captainfrom82


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#9293 Lionelza1

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Posted 24 April 2019 - 01:59 PM

postponement of financials The Group estimates that it will publish its audited financial statements on the following dates: • Group 2017 financial results – 7 May 2019, • Group 2018 financial results – 18 June 2019, • Steinhoff Investment Holdings Ltd 2017 – 28 June 2019, and • Steinhoff Investment Holdings 2018 – 28 June 2019.

 

 

AFS 2017 expected 7 May 2019


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#9294 Lionelza1

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Posted 24 April 2019 - 01:15 PM

7 trading days to the AFS!!!!

https://www.biznews....other-six-weeks

 

"The Company is today providing an update that it estimates that it will publish the 2017 and 2018 audited financial statements for Steinhoff Investment Holdings Limited by the end of May 2019"

 

How to you get 7 trading days for AFS?


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#9295 DayTraderDad

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Posted 24 April 2019 - 12:58 PM

The FSCA wraps up a further three insider trading investigations into the Steinhoff shares:

https://www.fanews.c...ff-shares/26609
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#9296 DayTraderDad

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Posted 24 April 2019 - 12:56 PM

Still a couple weeks for AFS, im hoping it stabilizes when whatever news we are about to receive and not the normal pump and then dump

7 trading days to the AFS!!!!
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#9297 Lionelza1

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Posted 24 April 2019 - 12:54 PM

Let’s hope for AFS and that it’s a good one

 

Still a couple weeks for AFS, im hoping it stabilizes when whatever news we are about to receive and not the normal pump and then dump


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#9298 DayTraderDad

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Posted 24 April 2019 - 12:53 PM

IN good post for me there has to be a proper evaluation of the losses ( I believe that exactly what SNH management wants to do with the meeting of the claimants)
because according to the financials for 2013 there was shareholding of 1,9 bil shares and the price in that time was around R23.00
So if a person buys shares for R23 how can he claim losses from R57????
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#9299 LarryK

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Posted 24 April 2019 - 12:03 PM

Let’s hope for AFS and that it’s a good one
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#9300 Lionelza1

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Posted 24 April 2019 - 11:46 AM

Ha... Some news about to come out?
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